I Smell a U.S. Bestseller-in-the-Making…
Greeks Tighten Belt with Crisis Cookbooks
See, there are ways to profit from adversity (other than buying stocks for all the wrong reasons)!
I Smell a U.S. Bestseller-in-the-Making…
...called "Starvation Recipes." Greeks Tighten Belt with Crisis Cookbooks See, there are ways to profit from adversity (other than buying stocks for all the wrong reasons)!
The Tide Is Turning for CRE
Bolstered by reckless monetary policies, unwarranted regulatory forebearance, Hollywood-style accounting, and investors' short memories, the commercial real estate market has in recent times been a bastion of tranquility, attracting the interest of yield-chasing institutions and individuals alike. But some developments...
Little Hope and Not Much Change
The John J. Heldrich Center for Workforce Development at Rutgers University has published an updated working paper, Categorizing the Unemployed by the Impact of the Recession, detailing the results of surveys conducted from August 2009 through August 2011 of American...
Only a Few Short Years
As usual, Zero Hedge (one of my absolute favorite blogs) is at the forefront when it comes to funny money-era milestones: "US Debt/GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase: Total Debt Now Over $15.1 Trillion"...
On the Prowl
Humans can be quite resourceful when they need to be, especially when it involves those things that are essential to life. So, at a time when millions are either struggling to get by or are just barely hanging on, it's...
Talking Pictures
If pictures speak louder than words, what do these four images tell you? Daily Mail: Half of the U.S. population is worried they won't be able to buy the holiday presents on their list because of their financial situation: Tim...
Not the Time
In "Not So Good," I argued that the euphoria over this past weekend's alleged consumer spendfest was unwarranted because retailers' profits almost certainly did not keep pace with sales. But there are other things to consider, including the likelihood that...
Not So Good
It's probably no surprise to Financial Armageddon readers that many media outlets are trumpeting this weekend's jump in retail sales, with some even suggesting (praying?) that it means consumers are finally emerging from their recessionary funk: "Retail Sales Break Records,...
Is It Any Wonder?
Here are four reports that help explain where things are really at nowadays: "Pimco’s El-Erian Says U.S. Economic Conditions Are Terrifying" (Bloomberg) Pacific Investment Management Co.’s Chief Executive Officer Mohamed A. El-Erian said U.S. economic conditions are “terrifying” given that...
